Though eyewear In Argentina is expected to register significant current value growth, constant value sales are expected to fall significantly. Argentina continues to have one of the highest inflation rates in the world, though it has eased somewhat from the previous year.
In 2023, trading was difficult due to a severe shortage of US dollars and it led to inconsistent supplies of imported brands. Though the new government has taken action to stabilise the economy and protect dollar supplies, many players are still feeling the repercussions from the year before.
Essilor International SA losses its top spot to Luxottica Argentina Srl in 2023, though both lose value share. These players are among those most affected by supply shortages caused by import restrictions.
While new channels are emerging in eyewear, such as sunglasses being sold in apparel stores, the primary channel continues to be optical goods stores. Also, since the onset of the pandemic, the online channel has been gaining ground, both through the platforms of major optical goods store chains and through the online marketplace MercadoLibre.
The outlook is more positive for 2025 and beyond, as the newly elected government has manged to make some positive changes, including a more stable currency. which will make it easier for companies to budget and plan.
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Understand the latest market trends and future growth opportunities for the Eyewear industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Eyewear
Eyewear is the aggregate of contact lenses, spectacles and sunglasses.
See All of Our DefinitionsThis report originates from Passport, our Eyewear research and analysis database.
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